Why is Sai Silks falling/rising?

As of 20-Aug, Sai Silks (Kalamandir) Ltd is experiencing a price increase, currently at Rs 185.50, reflecting a rise of Rs 16.4 or 9.7%. The stock has shown strong performance today, outperforming its sector by 8.04% and achieving a consecutive gain over the last three days with a total return of 13.66%. It reached an intraday high of Rs 187.45, indicating robust trading activity, although there has been a decline in delivery volume by 22.48% compared to the five-day average. The company has demonstrated solid financial health with a low debt-to-equity ratio of 0.08 times and impressive growth in net sales and profit after tax over the last six months, which has contributed positively to the stock's upward movement.
In the broader market context, Sai Silks has outperformed the Sensex significantly, with a one-week return of 11.08% compared to the Sensex's 1.64%. This trend of outperformance is consistent over the past month and year-to-date, suggesting strong investor interest relative to the market. However, there are concerns regarding falling participation from institutional investors, who have reduced their stake by 3.08%, which could impact future price movements. Despite these risks, the stock's attractive valuation and recent positive financial results have likely bolstered investor confidence, contributing to its rising price.